Swift for Corporates
Swift (short for Society for Worldwide Interbank Financial Telecommunication) is a provider of global communications services for the exchange of information on financial transactions in a standardised form.
You’re a global business with multiple bank accounts around the world, dealing with international payments and recurring bulk or high value transactions, so your finances need a single standard communication channel that adheres to an international standard. That‘s what Swift for Corporates offers.
SCORE (Standardised Corporate Environment): Access model for data exchange. SCORE has become the global standard for communication between financial institutions and corporate customers due to its unified set of rules and multilateral relationships.
Swift FIN is the standard messaging service for sending high-value payments and exchanging individual financial messages. The respective message types are standardized.
Swift FileAct is particularly suitable for sending bulk payments or multiple messages with different content. The format and content of the files are not validated, so individual formats such as XML files can already be transmitted in the ISO 20022 standard.
To get started with Swift for Corporates, simply:
- Sign a framework agreement with Swift
- Complete the technical onboarding to Swift
- Go through DZ BANK‘s onboarding process and be successfully connected in just a few steps – we will support you individually with our many years of expertise
Don't have access to Swift yet? We can get you connected.
